You save a whopping $7,686 when selling a median-priced $256,200 home in Arkansas. But how? With a discount real estate broker in Arkansas, you can skip the hefty 3% listing agent commission. This allows you to list your home for as low as 1% or a flat fee and save thousands of dollars!
That’s not it! These brokers help you list your property on the MLS giving maximum exposure as 43% of buyers search properties online. In addition, discount brokers offer affordability with full service making them ideal for cost-conscious sellers.
Rankings: Top 5 Arkansas Discount Real Estate Brokers
As Arkansas’s real estate market continues to rebound post-Hurricane Idalia, home sellers are exploring ways to cut costs. With rising repair and insurance premiums, sellers want to retain more of their home sale profits.
One effective way to do this is to sell with a discount real estate broker in Arkansas. They offer lower commission rates and services compared to traditional Realtors. We’ve ranked the top 5 discount brokerages in the Natural State for you to choose from.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ✅ | ✅ | ✅ |
| 2. | Flat Fee Realty Northwest Arkansas | $299 | ❌ | ❌ | ❌ |
| 3. | Small Fee Realty LLC | Varies | ❌ | ❌ | ❌ |
| 4. | UpNest | Varies | ❌ | ❌ | ❌ |
| 5. | Redfin | 1.5% | ❌ | ❌ | ❌ |
What Are the Types of Discount Real Estate Brokers?
Arkansas sellers can choose from two main types of discount real estate brokers. Each of these cater to the unique needs of the home sellers:
- Flat Rate Discount Brokers: Also known as Flat Fee MLS companies, they charge a fixed upfront fee to list your home on the MLS. A Flat Fee MLS service costs between $399 to $4,000. These services offer maximum exposure for a low fee.
- Fixed Percentage Discount Brokers: These discount Realtors charge a fixed percentage of the home’s sale price. Typically, this percentage is lower than the traditional 3%. Depending on the broker, these rates may vary from 1% to 2.5%.
Reviews: 2 Best Flat Rate Discount Real Estate Brokers in Arkansas
1. Houzeo.com: Max Savings, No Hidden Fees
#1 Discount Real Estate Service
Listing Fee: $399+$350 at closing4.9/5
Houzeo is a top technology-driven real estate platform. It offers 4 different packages:
- Bronze Package ($399 + $350 at Close): List your house for 6 months. You can upload 24 house photos.
- Silver Package ($399+0.5% at Close): List your home for 6 months and post maximum photos. Unlimited open houses and listing modifications are included in this package.
- Gold Package ($429+0.5% at Close): This package offers all the benefits of the Silver package, as well as licensed broker assistance, contract review, and more.
- Platinum Package ($449+1% at Close): This package offers virtual full-service support with a licensed broker. You can list for 12 months. Brokers assist you in negotiations, disclosures, and closing.
👉 Our Take: We recommend Houzeo to all home sellers. The company has a stellar 4.9/5 customer rating. It also provides coverage in 47 states + DC, making it one of the few services with nationwide reach.
These are the key features that make Houzeo one of the top discount real estate brokers:
- Significant Commission Savings: You will pay just a small flat fee to list on the MLS. On average, Houzeo home sellers save $12,231.
- No Hidden Fees: All costs are disclosed upfront so you don’t have to worry about hidden charges.
- Near Nationwide Coverage: Houzeo operates in 47 states and DC, with ongoing plans for expansion.
- Max Exposure: Houzeo packages give you access to renowned MLS companies.
- Advanced Technology: Eliminate the hassle of extensive paperwork. E-signature and online forms make house listing quick and easy.
- 5-star Customer Service: Dedicated customer support addresses your every concern easily.
- Mobile App: Houzeo’s mobile app lets you manage showing requests from verified buyers and buyer agents. You can either accept, reject, or reschedule showings at your convenience.
- Home Value Estimator: Houzeo’s Home Worth Estimator is online and quick to know the FMV of your home. It provides free home value estimate within 30 seconds.
There are no dealbreakers with Houzeo.
» Houzeo Reviews: Houzeo is rated “Excellent” by 10,100+ happy customers on Google Reviews and Trustpilot!
Houzeo Reviews: With over 10,100+ happy customers, Houzeo is the most trusted discount real estate broker.
Houzeo is the #1 discount real estate broker in Arkansas. The company provides features like IntelliList management to simplify your listing process. Besides this, you get 5-star customer support, advanced technology, showings management, and offers all at your fingertips.
2. Flat Fee Realty Northwest Arkansas
FOR EXPERIENCED SELLERS
Listing Fee: $2994.5/5
Flat Fee Realty Northwest Arkansas is a Flat Fee MLS company with a single plan.
- Single Plan – $299: Their website doesn’t mention any services under this plan. However, they do offer MLS listings and syndication to other real estate sites. They have mentioned an ‘a la carte approach’ on the website.
👉 Our Take: The plan is affordable. However, since the services are not listed upfront, it raises serious questions about transparency. The service may not suit first-time home sellers.
Based on our research, the benefits of Flat Fee Realty Northwest Arkansas are:
- Additional Services: It offers a list of à la carte options to fast-track the listing process.
- Listing for Multiple Property Types: You can list your property under single-family home, condo, multi-family home, lot, or other types of houses.
In our research, we found some limitations with the services of Flat Fee Realty Northwest Arkansas.
- Lack of Transparency: Their MLS services aren’t listed up front. You have to sign up first to learn more about the features.
- Limited Coverage: Their service is available only in Arkansas.
- Limited Reviews: Flat Fee Realty Northwest Arkansas has very few reviews. This doesn’t provide much insight about the company.
Flat Fee Realty Northwest Arkansas has a rating of 4.5 stars out of 5 from 10 customer reviews on Google.
Flat Fee Realty Northwest Arkansas is a regional flat fee MLS platform. AK home sellers looking for local expertise can benefit here.
Although the only package they offer is reasonably priced at $299, the additional services are expensive. On top of that, the cost of these additional services is not mentioned upfront.
Reviews: 3 Best Fixed Percent Discount Brokers in Arkansas
3. Small Fee Realty LLC
GOOD EXPOSURE
Listing Fee: Varies4.9/5
Small Fee Realty offers services for both home sellers and home buyers. They offer the following packages:
For Home Sellers:
- 1% Listing Commission: It includes a 12-month local MLS listing, professional photos, yard signs, pricing and staging advice, access to digital flyers, and a secure realtor lockbox. Your home gets listed on 900 national and local websites.
- Silver Listing – $375: In this plan, you get six months of MLS Listing with photos and a full seller representation by a licensed Realtor for 0.75% at closing.
- Gold Listing – $525: You get 12 months of MLS listings with professional HDR photos. They also offer a full seller representation by a licensed Realtor for 0.75% at closing.
- Platinum Listing – $750: It includes professional HDR photos and a 3D virtual tour. They also get you listed on additional MLS markets and offer a full seller representation by a licensed Realtor for 0.75% at closing.
For Home Buyers:
- Buyers Rebate: You get $1,000 when you purchase your home through Small Fee Realty.
👉 Our Take: Small Fee Realty Arkansas is good for AR home sellers and buyers. However, along with their flat fee, they charge an additional 0.75% at closing if you opt for full seller representation.
Small Fee Realty has certain advantages:
- Full Seller Representation: You have the option to opt for a full seller representation by a licensed realtor with every plan. However, you must pay an additional 0.75% at closing if you opt for the service.
- Professional Photography: In the expensive plans you get professional photos to maximize your chances of finding the best offer.
- Maximum Exposure: All packages include listing on over 900 national and local real estate websites. It ensures extensive visibility for your property.
Small Fee Realty has certain disadvantages:
- Expensive Flat Fee Plans: The basic plan starts at $375 + 0.75% at closing in case you opt for more assistance.
- Per Month Listing Charges: You must pay $29.99 per month until your home sells. Most platforms offer a fixed listing term (6 to 12 months) inclusive of the flat fee plan you select.
Small Fee Realty enjoys 4.9 stars from 5 stars rating on Google.
Small Fee Realty is a good choice for home sellers and buyers in Arkansas. They offer services for both home sellers and home buyers.
However, they charge an additional 0.75% at closing if you opt for extra assistance. This is charged over your one-time flat fee payment. So, it may not be ideal for budget-conscious sellers!
4. UpNest: Varies, Nationwide Coverage
Negotiable FEES
Listing Fee: Varies as per the agent4.7/5
UpNest offers agent-matching services. Here’s how it works:
- No Upfront Cost: UpNest connects you with top local real estate agents at no upfront cost. Agents will discuss commission rates, fees, and potential discounts directly with you.
👉 Our Take: With UpNest you get multiple real estate agent options to choose from. However, agents’ commission rates and qualifications can vary significantly, and the quality of service may depend on the broker you select.
Here’s what UpNest offers:
- Multiple Agent Proposals: Get 3–5 commission quotes from top local agents. Compare options easily without contacting agents yourself.
- Quick Turnaround: Receive agent matches within 24 hours of signing up.
- Transparent Pricing: View all commission rates and potential savings upfront. There are no hidden fees or pressure to commit.
- Nationwide Coverage: It offers service throughout the US. It connects you with the local agent who has current market insights.
Here are some of the downsides of working with UpNest:
- No Guaranteed Savings: UpNest does not offer guaranteed savings. Instead, each agent sets their own listing fee.
- No Control Over Agent Selection: UpNest shows you commission quotes from selected agents. As a result, you might miss out on other qualified agents who are part of their network.
UpNest has a rating of 4.7 out of 5 stars on Google.
» UpNest Reviews: Is UpNest actually saving you money in 2024? Read to find out.
UpNest is a licensed agent-matching brokerage. It is headquartered in California. Move, Inc., (the parent company of Realtor.com) acquired UpNest in June 2022.
UpNest pairs you with local agents with a proven sales record. However, you may end up fixing a high commission for the agent.
5. Redfin: 1% Fee, Nationwide Coverage
#1 Nationwide Brokerage
1% Listing Fee3.7/5
Redfin offers services in 100+ real estate markets across the country in 49 states.
- Redfin Full-Service Agent – 1% Commission: This package includes pricing assistance, listing paperwork, negotiation support, etc.
- Redfin Premier Agent – 1.5% Commission: This package is exclusively for luxury properties and includes everything that comes with the Full-Service package.
👉Our Take: When you opt for Redfin you might get their service 3x faster than the traditional method. However, you may not get personalized attention with less no. of agents for home staging, showings, etc.
Here are some advantages of choosing Redfin:
- Advanced Technology: Redfin is primarily known for its high-tech platform and mobile app.
- Near Nationwide Coverage: Redfin covers 49 states in the US.
- Easy Deal Closings: Redfin agents guide you through paperwork, marketing plans, and negotiations to make your closing easy and faster.
Here are some drawbacks of Redfin based on their customer reviews:
- Pricing Inaccuracy: Many sellers have complained that a lot area, a gated compound, or a city location are not considered during valuation.
- Slow Listing Process: According to Redfin’s listing agreement, a Redfin property takes 18 days to list on MLS. Services like Houzeo will list you on the MLS within 24 to 48 hours.
- Lack of Customer Service: There are a few negative reviews about the lack of personal attention by Redfin agents.
- Limited Agent Selection: As per customer reviews, Redfin lacks an array of agents. This means you get an agent assigned automatically without having any choice in the matter.
- Lack of Personalized Services: Due to agents handling multiple clients at once, customers have often complained that Redfin agents are not able to give personalized service.
Redfin has an average rating of 3.3 out of 5 stars on Yelp and an average of 3.7 out of 5 stars on Google.
» Redfin Reviews: Read more to make an informed decision before selling your home.
Redfin is a top nationwide real estate brokerage known for its advanced technology. Their premier package helps you sell luxury homes. The platform also provides easy access to local experts while selling a house by owner in Arkansas.
How Much Will You Save With a Discount Real Estate Broker in Arkansas?
You could save up to $5,976 when selling a median-priced $256,200 home with a Flat Fee MLS service in Arkansas.
However, if you pay a standard 3% commission fee, you’d have to pay a whopping $7,686 to your listing agent. But, with Houzeo’s Gold plan, you will only pay $429 with a 0.5% charge at closing.
| Details | Traditional Realtor (3%) | Houzeo’s Flat Fee |
| Median Sale Price | $256,200 | $256,200 |
| Listing Fee | $7,686 | $1,710 |
| Savings | $0 | $5,976 |
» Read these exclusive Houzeo reviews to know why it is one of the best discount real estate brokers in Arkansas!
Pros and Cons of Discount Realtors in Arkansas
Discount real estate brokers in Arkansas offer a great way to save. While this cost-saving option sounds good, it’s important to weigh both the pros and cons:
✅ Pros
- Lower Fees: You’ll pay less than a traditional 3% Realtor. And get access to all the features and tools for a much lower fee.
- Full-Service Support: Discount real estate agents in Arkansas offer all basic home-selling services. This includes assistance with how to price your home, marketing, paperwork, and negotiations.
- MLS Access: Discount brokers help you list your home on the MLS in Arkansas, providing exposure to a maximum no. of buyers.
❌ Cons
- Hidden Fees: Some discount brokerages in Arkansas may charge hidden fees for additional a la carte services. You must do your research and opt for the best discount Realtors in AR.
- Inconsistent Service: Some discounted brokers in Arkansas handle multiple clients at once, so personalized attention may be limited. They do this to make up for the reduced commission rate.
- High Cancellation Fees: A few of the discount brokers may impose a significant withdrawal fee if you cancel your agreement within a specific time frame.
Alternatives to Discount Real Estate Brokers in Arkansas
Here are some other options to consider for selling a house in Arkansas:
- For Sale By Owner Companies: In a FSBO sale, you have to handle every step from listing to paperwork. You can choose For Sale By Owner websites in Arkansas that provide MLS access.
- Cash Buyers: Cash buyers in Arkansas, including iBuyers, investors, and home flippers, actively search on the MLS for the listed properties.
- Full-Service Realtor: If you can’t handle the process yourself, you can opt for the traditional home-selling method. But, you’ll have to pay a 3% commission fee.
Frequently Asked Questions
What are the best discount real estate brokers in Arkansas?
The top discount real estate brokers in Arkansas are Houzeo.com and Flat Fee Realty. However, Houzeo stands #1 with its 4.9-star rating based on thousands of customer reviews compared to Flat Fee Realty's 10 reviews.
How much is the real estate agent fees in Arkansas?
On average, traditional agents in Arkansas charge a whopping 3% of the sale price as commission. On the other hand, discount real estate brokerage firms in Arkansas charge a flat fee or a fixed percent of 1%.
How do I find a discount broker near me in Arkansas?
To find a discount Realtor near you, check online reviews and ratings of local discount brokers. Houzeo can list your home on the MLS within 24 to 48 hours and lets you review and compare offers, manage showings everything with mobile app.
